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MarketAxess HoldingsMEX:MKTX 71 Return-on-Tangible-Asset is 18.06% as of Mar. 2026, which is 30% below its 10-year median of 25.84. GuruFocus rates MEX:MKTX with a GF Score™ of 71/100 and a GF Value™ of MXN4,322.32. The stock has 5 warning signs investors should review. Among 814 Capital Markets companies, MarketAxess Holdings ranks better than 91.28% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. MarketAxess Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN5,618 Mil. MarketAxess Holdings's average total tangible assets for the quarter that ended in Mar. 2026 was MXN31,114 Mil. Therefore, MarketAxess Holdings's annualized Return-on-Tangible-Asset for the quarter that ended in Mar. 2026 was 18.06%.
The historical rank and industry rank for MarketAxess Holdings's Return-on-Tangible-Asset or its related term are showing as below:
MEX:MKTX'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 16.47 Med: 25.84 Max: 32.62
Current: 17.66
During the past 13 years, MarketAxess Holdings's highest Return-on-Tangible-Asset was 32.62%. The lowest was 16.47%. And the median was 25.84%.
MEX:MKTX's Return-on-Tangible-Asset is ranked better than 91.28% of 814
companies
in the Capital Markets industry
Industry Median: 1.57
vs MEX:MKTX: 17.66
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
MarketAxess Holdings Return-on-Tangible-Asset Related Terms
MarketAxess Holdings Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for MarketAxess Holdings's Return-on-Tangible-Asset can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:MKTX vs MIAX, GLXY, LAZ: Return-on-Tangible-Asset Comparison
For the Capital Markets subindustry, MarketAxess Holdings's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MarketAxess Holdings Return-on-Tangible-Asset vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, MarketAxess Holdings's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where MarketAxess Holdings's Return-on-Tangible-Asset falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
What does a Return-on-Tangible-Asset of 18.06% mean?
MarketAxess Holdings (MEX:MKTX) has a Return-on-Tangible-Asset of 18.06% as of Mar. 2026. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MarketAxess Holdings and its competitors. This is 30% below median its historical median of 25.84. Over the past decade, MarketAxess Holdings' Return-on-Tangible-Asset has ranged from 16.47 to 32.62. According to the industry distribution chart, MarketAxess Holdings ranks #71 out of 814 companies in the Capital Markets industry, placing it in the top 8.7%.
Is MarketAxess Holdings' Return-on-Tangible-Asset too high?
MarketAxess Holdings' current Return-on-Tangible-Asset of 18.06% is 30% below median its 10-year median of 25.84. Over the past 10 years, this metric has ranged from a low of 16.47 to a high of 32.62. The Capital Markets industry median Return-on-Tangible-Asset is 1.57. MarketAxess Holdings' value of 18.06% is 1050.3% above this industry median. Based on the distribution chart, MarketAxess Holdings ranks #71 out of 814 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, MarketAxess Holdings has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does MarketAxess Holdings' Return-on-Tangible-Asset compare to MIAX and GLXY?
According to the Capital Markets industry distribution chart, MarketAxess Holdings ranks #71 out of 814 companies for Return-on-Tangible-Asset. This places MarketAxess Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Asset is 1.57. MarketAxess Holdings' value of 18.06% is 1050.3% above this benchmark. Historically, MarketAxess Holdings' own Return-on-Tangible-Asset has ranged from 16.47 to 32.62 over the past decade. While the company's 10-year median is 25.84 vs. the industry median of 1.57, MarketAxess Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Asset for a Capital Markets company?
The median Return-on-Tangible-Asset among Capital Markets companies is 1.57, based on 814 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MarketAxess Holdings's current Return-on-Tangible-Asset of 18.06% is 1050.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on MarketAxess Holdings and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Asset is 1.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MarketAxess Holdings's current Return-on-Tangible-Asset is 18.06%, which is 30% below median its own 10-year median of 25.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MarketAxess Holdings stock overvalued right now?
MarketAxess Holdings (MEX:MKTX) has a current Return-on-Tangible-Asset of 18.06%. The stock's GF Value™ is MXN4,322.32, compared to a current price of MXN2,756.00 — trading 36.2% below its estimated fair value. The current Return-on-Tangible-Asset is 18.06%, which is 30% below median its 10-year median of 25.84 and 1050.3% above the Capital Markets industry median of 1.57. MarketAxess Holdings' overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For MarketAxess Holdings (MEX:MKTX), the current Return-on-Tangible-Asset is 18.06% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is MarketAxess Holdings (MEX:MKTX) Overvalued in 2026?
Based on GuruFocus' analysis, MarketAxess Holdings stock appears to be undervalued.
The current stock price of MXN2,756.00 is trading 36.2% below its estimated GF Value™ of MXN4,322.32.
Key valuation signals for MEX:MKTX:
Return-on-Tangible-Asset: 18.06% (30% below median its 10-year median of 25.84)
GF Value™: MXN4,322.32 vs. price of MXN2,756.00 (36.2% below fair value)
Industry Position: 1050.3% above the Capital Markets median (#71 of 814)
No single metric tells the full story. See the MEX:MKTX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Founded in 2000, MarketAxess is a leading electronic fixed-income trading platform that connects broker/dealers and institutional investors. The company is primarily focused on credit based fixed income securities with its main trading products being US investment-grade and high-yield bonds, Eurobonds, and Emerging Market corporate debt. Recently the company has expanded more aggressively into Treasuries and municipal bonds with the acquisitions of LiquidityEdge and MuniBrokers in 2019 and 2021, respectively. The company also provides pre- and post-trade services with its acquisition of Regulatory Reporting Hub from Deutsche Börse Group in 2020 adding to its product offerings.
71GF Score
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